Technical View of Bank Nifty & CNX IT, 20 December 2017

Bank Nifty Intraday levels

Today, 25800 is crucial for Intraday.

If Bank Nifty sustains below 25300 then it could test 25600 and below that level it could test 25500.

Instead, if Bank Nifty trades above 25300 then it could test 26100.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 20 December 2017

Reliance

Today, 930 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 930 is crucial for short term. Positional long trades can be initiated above 930 for a target of 950. Trade short below 930 for a target of 920.